Top 15 competitive regional economies in China 2011
- By Zhang Junmian
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E-mail China.org.cn, March 15, 2012
Jiangsu, Guangdong and Shanghai were the most competitive out of the 31 provincial-level regions on the Chinese mainland over the 11th Five-Year Plan Period (2006-2010), according to the Report on Overall Competitiveness of China's Provincial Economy during the Eleventh Five-Year Program. The data were compiled and released late in Feburary by the National Research Center on Overall Economic Competitiveness.
The think-tank was established by the Management World Magazine under the State Council's Development Research Center, joined by the Social Sciences Academic Press under the Chinese Academy of Social Sciences (CASS) and Fujian Normal University. It started compiling its data in 2007.
The report was based on the measurement of 210 indicators concerning all provincial regions' competiveness in nine areas: macro- economy, industrial economy, sustainable development, fiscality and finance, knowledge economy, development environment, government role, development level and overall coordination. The greatest importance was given to such specific indicators as the high-tech industry contributions, energy consumption and R&D spending, rather than only to the GDP as was the case in the past.
The report indicates that the top 3 in 2010, together with China's capital Beijing, occupied the top four spots in the rankings of all five years. The national average score in 2010 was 36.95 points, 1.77 more than in 2006, indicating that China's provincial regions generally improved their competitiveness during this period.
Also read: Top 10 largest regional economies in China 2011
Top 10 richest provincial regions in China 2011
Top 10 provincial regions with highest GDP quality
Chongqing Municipality, a mega-city in China's less-developed western region, was the fastest mover during this period, jumping six spots from 25th place in 2006 to the 19th in 2010. In stark contrast, the biggest loser was the coal producing king, Shanxi Province. It slipped five spots, from 17th place in 2006 to the 22nd in 2010.
Despite the fact that none of the top 10 was from the 12 less-developed western regions, the gap between the western and eastern regions had been narrowed during this period. The report shows that the western regions scored the greatest growth in economic competitiveness during this period, followed by the central, northeastern and eastern regions.
In comparison with Taiwan, Hong Kong and Macao, Taiwan overtook Jiangsu as the most competitive one, while Hong Kong took 3rd place and Macau 9th.
Here, China.org.cn has compiled the top fifteen provincial regions on the Chinese mainland with the strongest economic competitiveness over the 11th Five-Year Plan period (2006-2010).
Henan 河南
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Henan [baike.baidu.com] |
Rank 2006: 11
Located in the central part of China, Henan Province's industry was traditionally based on farming, food processing, textiles, chemicals, non-ferrous metallurgy, and iron and steel. In recent years, the province has made great efforts to foster such competitive sectors as equipment manufacturing, electronics and new materials.
Its GDP rose from 1.24 trillion yuan (US$155.55 billion) in 2006 to 2.31 trillion yuan(US$341.24 billion) in 2010, when the GDP per capita was 24,446 yuan (US$3,611), an 85.6 percent increase from 2006. Its energy consumption per 10,000 yuan of GDP dropped 16.79 percent, from 1.34 tons of standard coal in 2006 to 1.115 tons in 2010.
The large-scale hi-tech industries in the province posted an added value of 190 billion yuan (US$28.07 billion) in 2010, a 24.8 percent increase over 2009 and 2.35 times that of 2006. The province's R&D spending hit 21.12 billion yuan (US$3.12 billion) in 2010, 2.65 times that of 2006.
The foreign direct investment surged by 237.8 percent from US$1.85 billion in 2006 to US$6.25 billion in 2010. Its foreign trade value rose from US$9.8 billion in 2006 to US$17.8 billion in 2010, of which export was US$10.53 billion, 1.59 times that of 2006.
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